Australia's Global Lithium at 6-week high on supply deal with Chinese firm

Global Lithium Resources

02/03/2022 23:42

** Global Lithium Resources  GL1.AX  jumps as much as 15.4%
to A$1.72, its highest since Jan. 21 
    ** Co signs a 10-year spodumene concentrate supply agreement
with China's Suzhou TA&A Ultra Clean Technology Co  300390.SZ  
    ** Under deal, Suzhou TA&A to buy and take delivery of at
least 30% of available product from GL1's ops
    ** GL1 stock up for a fifth straight session; set for best
day since Feb. 17 if gains hold
    ** Up 56.8% this year, as of last close

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))